Thursday, April 17, 2014

New Hampshire might want to pay attention to it's state retirement funds.


| Updated    

New Hampshire Retirement System, (click here) Concord, hired Carlyle Group to run $150 million in a strategic managed account, confirmed fund spokesman Marty Karlon.

The pension fund also committed $50 million to CCMP Capital Investors III, a buyout fund managed by CCMP Capital Advisors.

Separately, the pension fund withdrew its commitment to mezzanine debt fund Lighthouse Capital Partners VII. The pension fund originally committed $20 million to the fund in August 2012....

I'd be sure the state's pension fund wasn't heavily invested in the Middle East considering Carlyle is selling their assets and offering the impression they are worried about their investments there.

Career Path: (click here)
 
Prior to his appointment as Director of Investments at the New Hampshire Retirement System in January 2010, served various positions at the New York State Teachers’ Retirement System: Managing Director – External Asset Management, Corporate Governance & Private Equity; Securities Investment Officer...oversees the Retirement System’s securities investment portfolio, which includes domestic and international equities, domestic fixed income, short-term (cash equivalents), and alternative investments; and Actuary for the New York State Teachers’ Retirement System....


New Hampshire cities are great investments.


— Fitch Ratings (click here) has assigned the following rating to the City of Nashua, NH's (the city) following general obligation (GO) bonds:
$23,776,000 GO bonds, 2014 at 'AAA'.
The bonds are scheduled to sell competitively on May 1st. Proceeds will be used to finance certain citywide capital improvement projects.
In addition, Fitch affirms the 'AAA' rating on the city's following outstanding GO bonds:...

Read more here: http://www.heraldonline.com/2014/04/16/5876105/fitch-rates-nashua-new-hampshires.html?sp=/100/773/385/#storylink=cpy